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369 Ocean Pkwy, Ocean Pines, MD 21811

3 beds • 3 baths • 1659 sqft

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This property looks like a bad Airbnb investment with a projected -11.66% first-year return on $103k initial cash invested.

-11.66%

Cash On Cash

3.33%

Cap Rate

0.56

DSCR

$2,859

Rent

-$1,003

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,859 income − $3,862 expenses = $1,003 out of pocket

Income$2,859Out of Pocket$1,003Mortgage P&I$2,01470%Property Taxes$2328%Insurance$1686%HOA$763%Management$42915%CapEx$1144%Maintenance$1144%Other$71525%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,180

Closing costs

1%

$4,059

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$3,862

Mortgage P&I

70%

$2,014

Property Taxes

8%

$232

Home Insurance

6%

$168

HOA

3%

$76

Property Management

15%

$429

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$715

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